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HMRC believes that from April 2013 rebates of annual costs (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, must be subject to income tax. Janus Henderson Buyers, its affiliated advisor, or its staff, might have a position in the securities mentioned. References made to individual securities do not represent a suggestion to purchase, sell or hold any security, investment strategy or market sector, and shouldn’t be assumed to be profitable.

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